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What is the issuance amount of Artyfact (ARTY) coins?
Artyfact (ARTY) coins have a maximum issuance amount of 100,000,000, ensuring scarcity and protecting token value over time.
Dec 03, 2024 at 12:09 pm
What is the Issuance Amount of Artyfact (ARTY) Coins?
Introduction:
Artyfact (ARTY) is an ERC-20 token that powers the Artyfact ecosystem, a decentralized platform that aims to bridge the gap between the physical and digital art worlds. ARTY coins are used for various purposes within the platform, including purchasing and selling artworks, staking, and governance.
Issuance Amount:
The maximum issuance amount of ARTY coins is capped at 100,000,000. This issuance limit ensures the scarcity and value of the token over time.
Token Distribution:
The distribution of ARTY coins is as follows:
- Seed Sale: 15% (15,000,000 ARTY)
- Private Sale: 35% (35,000,000 ARTY)
- Public Sale: 25% (25,000,000 ARTY)
- Team and Advisors: 10% (10,000,000 ARTY)
- Foundation: 5% (5,000,000 ARTY)
- Liquidity and Ecosystem Development: 5% (5,000,000 ARTY)
Token Utility:
ARTY coins serve multiple functions within the Artyfact ecosystem:
- Purchasing Artworks: ARTY is the primary currency used to purchase physical and digital artworks on the Artyfact platform.
- Staking: Users can stake their ARTY coins to earn rewards and support the network's security.
- Governance: ARTY holders can participate in the platform's governance by voting on proposals related to the ecosystem's direction and development.
- Platform Fees: ARTY is used to pay for platform fees, such as listing fees and transaction fees.
Conclusion:
The issuance amount of Artyfact (ARTY) coins is capped at 100,000,000, with a carefully planned distribution to various stakeholders and purposes within the ecosystem. The token's utility is diverse, providing value for both users and the platform's growth.
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